Motilal Oswal Financial Services Q1 Results Sees Net Income Surge to ₹881.89 Crores

Motilal Oswal Financial Services Q1 Results: Motilal Oswal Financial Services had strong results in the first quarter of 2024, showing growth compared to the previous quarter (March 2023) and the same time last year (June 2023). The company’s total revenue for June 2024 was ₹1,696.90 crores, much higher than the ₹1,072.17 crores from March 2023 and the ₹1,164.76 crores from June 2023. This increase shows that the company earned more money in this quarter.

Motilal Oswal Financial Services’ expenses also went up. Selling, General, and Admin expenses were ₹396.99 crores in June 2024, higher than ₹271.98 crores in March 2023 and ₹317.85 crores in June 2023. Depreciation and amortization costs rose to ₹21.84 crores, compared to ₹12.75 crores in March and ₹17.35 crores last year. Other operating expenses were ₹145.73 crores, also higher than previous periods.

Motilal Oswal Financial Services’ operating income, or profit, improved significantly, reaching ₹755.49 crores in June 2024, compared to ₹470.80 crores in March and ₹486.26 crores last year. The net income before taxes jumped to ₹1,058.60 crores, with the final net income at ₹881.89 crores. This is much better than last quarter’s ₹164.72 crores and last year’s ₹526.93 crores. The earnings per share (EPS) also grew to ₹14.79.

Here is a simplified version of the Motilal Oswal Financial Services Q1 Results (all figures in crores):

Source: Here 

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Motilal Oswal Financial Services Q1 Results

Motilal Oswal Financial Services table shows the financial performance for the quarter ending 30 June 2024. Motilal Oswal Financial Services earned Rs. 2,31,234 lakhs from its core operations, which include interest income (money made from loans), fees and commissions (charged for financial services), and gains from changes in the fair value of investments. This revenue increased significantly compared to the same quarter in 2023, when the company made Rs. 1,50,152 lakhs.

Motilal Oswal Financial Services’ Other sources of income include dividends from shares and rental income, but these are much smaller in comparison. After adding other income like Rs. 535 lakhs from different sources, the total income for the quarter is Rs. 2,31,769 lakhs.

Motilal Oswal Financial Services spent Rs. 1,25,909 lakhs. These expenses include costs like finance charges, fees, employee benefits, and other running costs. After deducting these expenses, Motilal Oswal Financial Services made a profit before tax of Rs. 1,05,860 lakhs, up from Rs. 63,596 lakhs in June 2023.

Motilal Oswal Financial Services After paying taxes of Rs. 17,502 lakhs, the profit after tax was Rs. 88,358 lakhs. Overall, the company's earnings per share (EPS) rose to Rs. 14.78, reflecting a strong financial performance compared to last year.

Here’s a simplified summary of the consolidated financial results for the quarter ended 30 June 2024:

(Rs. in Lakhs)

Motilal Oswal Financial Services Financial Metrics

Motilal Oswal Financial Services table provides key financial information. It shows that the company's market capitalization is ₹43,690 crore, which means this is the total value of all its shares. The current stock price is ₹730, with a 52-week high of ₹829 and a low of ₹225, indicating how its value has changed over the year. The Price-to-Earnings (P/E) ratio is 15.6, suggesting the stock is reasonably valued compared to its earnings. It has a book value of ₹147, a dividend yield of 0.48%, a return on capital employed (ROCE) of 20.7%, and a return on equity (ROE) of 32.6%, showing strong financial performance. The face value of the shares is ₹1.00.

Here’s a breakdown of the stock information you provided:

Quarterly Results

Motilal Oswal Financial Services showed strong growth in the last three quarters. In Dec 2023, sales were Rs. 1,784 crores, with an operating profit of Rs. 1,088 crores and a net profit of Rs. 661 crores. By Mar 2024, sales increased to Rs. 2,152 crores, with a net profit of Rs. 725 crores. In Jun 2024, sales further grew to Rs. 2,312 crores, while net profit reached Rs. 884 crores. 

Here is the version of the quarterly results for Dec 2023, Mar 2024, and Jun 2024:

About Motilal Oswal Financial Services

Motilal Oswal Financial Services is an Indian financial services company that was founded in 1987 by Motilal Oswal and Raamdeo Agrawal. Based in Mumbai, it offers a wide range of financial products and services, including stockbroking, mutual funds, and investment management. The company has grown over the years and entered investment banking and private equity. It has partnerships with major banks for online trading and also provides home loans through its subsidiary, Aspire Home Finance.